Pantheon Resources Share Discussion Threads

[bad gateway] 25/1/2023 01:49

Scot spin on it. Last week there was no indication of a gas cap yet today there is.
As posted already..
"Time will tell. Very much looking forward to the upcoming test."

[scot126] 25/1/2023 01:41

No bad gateway. Alkaid-1 and the vertical component of Alkaid-2 and VAS studies do not point to any such scenario. Quit your conspiracy theories and instead do the honourable thing and wait for the EMPIRICAL DATA to arrive and then apply your "analysis" at that point. Utter gibberish.

[bad gateway] 25/1/2023 01:19

Interesting re the clean up.
from the Q & A they're not actually 40% through their clean up they've recovered roughly 65,000 barrels of water which is 40% of the volume of water they've put in during the process but that volume includes an unspecified amount of formation water.
So 40% clean up isn't definitive it depends on how much more formation water there is.
Leads to wondering what the final water cut will be and have they found a mainly gas/water well?
ie "Understanding what the mix of water is difficult to do fast" "Formation fluid which is gas/oil/water will take its place" "Very anxious to see" (first time doubt is admitted to in webinar)
Time will tell. Very much looking forward to the upcoming test.

[thebull8] 24/1/2023 22:58

Hahahahahahahahahahahahaha Fully funded for Alkaid 2. So fully funded for the well that has already been drilled. Mmmh ok then Enough working capital until 2024. Do you even understand what working capital is? He is saying they have enough money to pay the bills and keep the lights on dufus. As for corporate funding - hahahah good luck after the last disaster. Can't wait to see the terms

[thebull8] 24/1/2023 22:54

It is a moneypit. If they get it to production it will just a never ending circle of ploughing new money into business while never actually making any until one day the wells are dry, the SPX is 20k and you realised you spent 25 years chasing nothing but a pipe dream

[thebull8] 24/1/2023 22:49

They've already said they need money. The longs ignore it. Nobody stupid enough to farm in on a project with an IRR of 30% rest case scenario. Get better returns buying up property

[arcadian] 24/1/2023 22:46

Was raising capital discussed/placing ? Have they enough to keep going or will they seek a farm in?

[holdbucket] 24/1/2023 22:35

hxxps://www.share-talk.com/pantheon-resources-aim-panr-video-webinar-presentation-and-qa-24th-january-2023/
for those that missed it - enjoy :)

[helpfull] 24/1/2023 22:25

Cor blimey, guv!

"Gas rates are above 2.5 mmcfd which is higher than originally anticipated, however this is not believed to be from a gas cap but coming out of solution near the well bore"

And

"detailed analysis has been undertaken to better understand the higher than expected gas production. Pantheon has undertaken extensive analysis with SLB (previously known as Schlumberger) and other consultants and have collectively concluded that the frack has possibly intercepted a gas cap at the extreme updip portion of the Alkaid anomaly. The possible gas cap is not significant, estimated to represent approximately 2% of the gross rock volume of the Alkaid resource, yet would explain the gas production volumes"

Sounds as if they are a little confused. Or maybe haven't got a Scooby Doo.The webinar was timed nicely for the day before the new equipment is to arrive. Convenient. I see trouble ahead. A worrying few weeks.

Be careful.

[rabito79] 24/1/2023 21:43

Truant it's also >700% up from the lows, but you just keep telling yourself only the shorts have made money.

[thebull8] 24/1/2023 21:11

Are you dyslexic? Or just stupid I said I read the footnote. I did the calculations and it does not add up. What is so hard to understand

[thebull8] 24/1/2023 21:10

I do wish your missus would stop texting me but hey ho

[truant2tb1] 24/1/2023 20:50

FifthElement - if you've not noticed PANR is 63% down from the highsGood luck averaging down !

[truant2tb1] 24/1/2023 20:48

Owned by PAnR? Are you on drugs?Been short this from 115p you silly Billy ?

[hiddendepths] 24/1/2023 20:25

I do wish the shorters wouldn't describe us as "longs." We are in fact investors, and quite a few of us are successful long term investors at that.They are traders pure and simple.